Member Info for petwilkinson

undecided on what this deal is , we have a company AAA with no cash to purchase us , on a promise to buy us if they can raise the cash which by the way since when does a placement have a 30%/40% premium last price was 47p -53p . on the flip side this company is over a 1000% up over a year 3.7p to 53p . was it just coincidence that audio and AAA have the same broker -i think not - this reminds me of two things - the merger of us and trident and we all know how that ended , and secondly selling on ebay where you get a couple of mates to start bidding on your item to gain interest and bump up the price , a risky ploy but one that can pay handsomely . also the proviso that someone must offer £25.00 for the deal to be broken ,is it me or does this sound weird , so offers over 400m please .

just a thought - i don't want a buy out !!!
why - because maybe ,just maybe this share could pay me not just once but every year
stay with me .... you buy at £2.00 (over the last 5 years) and sell at 14.00 (buy out price ) investment of 2 grand so 7X 2 £14k nice work for five year' s of waiting
but what if at £10.00 (only 50p short of our year high price) it paid a dividend at say 3% so 3% of £10.00 is 30p so 2k worth at £10.00 £60.00 per year but
at £2.00 per share (2k) worth pays £300 per year (15%) return now you may say hang on £12k profit or £300 per year and maybe i would agree with you but what if in five years that price is £30.00 per share and 6% divi now that's £900 per year reinvesting every year and you get over £1000.00 back every year what investment of 2k will pay you 1k back every year .
just a different point of view

jetsetwilly - if iv got things wrong forgive me ,but a guarantee facility is still the same as a loan its money you are borrowing that you don't have, acquired from a third party , and correct me if i'm wrong but the drawdown was up to 4 million and as stated in the 8th dec rns there is only a million left see below

The Facility was created to provide minimum revenue guarantees up to an aggregate of US$4 million at any one time to certain leading new content providers or, on contract renewal, to existing content partners of the Company. This secures the minimum guaranteed advertising revenue share payable to the content partners pursuant to their commercial agreements with Audioboom without tying up the Company's working capital. The provision of guarantees remains very much an exception when negotiating terms with content partners and the guarantees from the SPV are only used to secure leading, high profile, high revenue producing podcasts.

Following this latest use of the Facility, the remaining amount currently available under the Facility is approximately US$1.0 million.

however this could be good if they have used this money to get extra content -the next set of results will be interesting !!

skid35 - while my cup is half full , prepare for the worst and hope for the best , having been here over 5 years my outlook is some what jaded , for the last 3 years we the share holders have been told no more placement only to have placement upon placement in the guise of a 4 million loan and a new investor for 3.15 million ,.what worries me is as of the 8th dec ,3 of the 4 million loan has been used so why didn't they use the 3.15 million , oh i can think of 330,000 reasons why !!! 100,000 warrants at an excise price of £3.30 . people on here keep talking about takeover and the value not being based of profit but on sales growth -total madness - true companies do get bought out which are loss making , but you get a hell of a lot more if selling a company which is profitable so to say it doesn't matter boombangabang shows a total lack of understanding on how a price valuation of a company is calculated . and would explain why nobody was prepared to pay the fantasy price the board wanted . saying all the above i hope that i am totally wrong and the next set of results fill my cup to to brim --- this time next year rodney !!! good luck everybody

Losingless - if you are thinking the price should be the same as the placement price ,you re sadly going to be disappointed
i have been invested in hundred of company's that have done placements and i can tell you from experience the share price usually is between 10% to 20% less than the placement price which we now at . the price will not change any time soon unless a major change in the company happens.

hoping this low price is just covid panic selling and nothing more , there are a lot of quality company's out there where the share price is down by 20-40% .
losingless - i know where you are coming from ,like you i do wonder if they are ever going to make any money and have considered selling up and moving on , but after 5 years plus ,selling now i feel would be a mistake ,if anything i think covid has helped the business with people at home bored out of there brains ,so i am giving them 12 months if still no profit then i too will be selling up

Losingless i feel your pain , like you iv been in and out of this share over 6 years and iv lost count on how many times we the shareholder have been told this time next year (rodney) break even at 10 million ,then 20 million now it looks like we need 30 million , and every time the board says no more dilution well its actually 5 times since two years ago we were promised no more dilution . newbee's take note this 3.5 million is not an investment but yet another dilution

however i do think the company is moving in the right direction as iv said about a year ago i just wish the board would be honest enough to say look we are not going to make any money for a couple of years while we land grab and stop making promises it simply can not keep.
the main reason the share price is not going any where is because of its past history , the board has to prove it has a working model and the only way it can do that is to turn the corner and start posting a profit until then the share price will just plod along .
while this injection of 3.5 million was seen as a positive step in the right direction , the market saw it as just another dilution,
yes the share price rose for a few days then all the gains ebbed away over the next few days
people will think well these investors must know something we don't to invest such a large sum of money , but for these kind of investors 3.5 million is pocket change , but they paid a great premium err no !!! they didn't , it was just an easy way of buying a 10% stake in this company without all the fuss of having the drip buy 10% and end up with a share price at about £2.40 , buyer happy company happy with an investment of 3.5 million , the only people not happy are shareholder we have been diluted by 10% and the share price is still the same . sorry should say we are happy as the share price is still the same ,as usually after a dilution the price is about 10% less than the dilution price ,oh wait it is !!!
good luck everybody -this time next year rodders

don't know about £7.00 but£3.00 would be very cheap , all i can say is i brought more a few days ago ,because 30% plus of the world is in lock down and board out of its brains , podcasts will be going through the roof over the next six months , yes companys will be cutting back on advertising but the listening figures will be through the roof , this virus is killing 95% of the stock market but there are a few companies that will benefit and audioboom will most definitely be one of them
good luck and stay safe

Thank you for reply Schards, i hope you are right , i was just pointing out what the interest rate could be under different conditions, as i felt the headline rate of 8% was a little misleading , i do agree in order to make money you need money ,but i feel this is just a different way of diluting the company, at the end of the day its just another way of raising money which must be paid back at a later date ,which will ultimately delay the day we get to a profitable standpoint , however all of this may be pointless if the rumours are true and there is a take over ,time will tell.anyway gl Schards where all here to make money .

Schards/jetwilly sorry but i did say i thought they would go to the well again this year i didn't expect it to be this quick though
why do they need to raise 4 million when they are suppose to have 2 million in cash , i know we need money to expand i get that but we are generating 22 million turnover if this is not making a profit then something is very very wrong . i would also point out that 8% interest would be a very good rate to borrow on ,BUT ...... its not 8% and this is why
if we borrow the full 4 million its 10% the 8% interest plus 2% fee thus its actually 10% -ok that's not that bad however if we borrow only 1 million then its 8% plus (80,000) which is another 8% so its 16% which is not good , and the worst case
we borrow 200,000 which is the min that can be drawn down at a single time meaning 8% plus the 80000 which equates to 40% so a total of 48% interest - no wonder the board of directors want to lend the company money if i could lend myself money and get between 10%-48% i would !!!
good deal for the shareholders - my A@@@

Hi schards, like you i am a long term suffer ,i hope my rant wasn't to scathing , it was just pointing out the previous 4 years of hope and disappointment that this company has delivered ,however i can see a light ,well it's more like a very small candle at the end of a very very long tunnel !!! .i hope you are right that there will be no placement required this year but lets face it their track record does not inspire confidence . however on some fronts the company has done what it promised , 2019 was good for increasing revue , listeners , podcasts , and i do like the fact it's creating its own podcast which in turn has much higher margins , so its not all bad ,i think this will come good but when is the big question ,personally i think this year will be flat in terms of share price ,until it states the magic word PROFIT !!! is achieved until then the market will not be kind to this company because of its past record ,any placement will see a major drop in share price ,however any rumour of a takeover and all bets are off .
will add at around 200 -210 as i see this drifting lower with little news in the next three months ,.
good luck schards

Sorry to bring this board down to earth but , if it was a great set of results why is the share price down today !!!
yes on the surface they are a great set of figures revenue up ,listeners up ,partners up and even the amount of money per hit up.so why am i so down on this set of results .the one figure that is missing ------profit !!! we are still after making 22 million still making a loss and cash burning at an alarming rate ,it wasn't that long ago we raised 5.4 million now we only have 2 million left , it states that we are going to produce 10 more shows this year and employ the best talent ,that's great news ,but at what cost ,sorry to say but placement ahoy mid june when the money runs out again ,and for those who think im wrong ,just look at the previous 3 years ,great sets of results ,stating break even by the end of the year and no dilution required ,only for the company to make massive losses and bring out the begging bowl ,people should be worried about ,what the board are not saying rather than what they say .last year they stated break even for the xmas period ,at the time i stated but what about the rest of the year and we came in at a 5.8 million loss , things this year are no better the board haven't even stated that any period this year made a profit ,nor have they stated when we will hit break even , this is a most basic forecast that any company gives apart from this one .
so for those who think it was a great set of results -you may want to re-define what great is , in terms of a business report
mine is one that after 5 years and countless dilutions starts to make a profit !!! not one that doesn't
gl all

hi bonsai -the chances of seeing any cash are slim to none ,unless mrs can put a rescue plan that the administrators would accept seems highly unlikely now as they have already rejected two such plans , the only other hope is that after the business is sold off ie the shed and the machinery and the debts are paid any money left would be distributed back to the shareholders .i can tell you now there will be zero left ,the cost alone of the administrator will take care of that ,also i know that the machinery was in very poor condition so mrs are going to get next to nothing for these ,the shed was valued at 9 million but if they got a million i would be surprised to be honest .you have to remember mrs net debt was 20 million in various loans add on admin cost of say 4 million and you see why this has no chance of coming back from the dead.
i did say slim -the only hope is someone buys the business as a going concern ,but i think that ship has long left port
but look at sirius - all looked lost until anglo am came to the rescue so you never know
like me i would put this down as a learning experience that when you see a bad management team and dodgy dealings such as the toy plane ,even though the figures say one thing (4.5 million profit) its probably best the steer clear , in the last 6 months i have stayed away from aim and it has paid off very nicely for me i only invest in companies that are making money and paying a nice divi .no more buying rainbows
gl to all

to all ex-holders of this shares ,having been invested in this for over 5 years it has been one hell of roller coaster ride ulimatley ending in a fatal crash ,there are some that will say the warning signs where there ,and with hindsight they were , but when you looked at the end of year figures ,they told a different story ,that the company was paying its depts and showing a profit ,all of which it seems was a lie , i just hope that the real story of what happened will eventually come out.
i would like to know the extent of the dept that caused the admin team to justifly closing the whole thing down ,what i find very confusing is why bachman was not sold off as a profitable business ,this part of the business was making around 2.5 million a year on turnover of about 20=25 million and had been profitable for many years this simply doesn't make sense from an administration point of view ,the whole point is to get as much money fort he creditors as possible ,also in the first update there were 7 possible buyers what happened to these ,one can only conclude that after they saw the real extent of the dept they must of walked away , i also find it hard to believe that according the our wonderful board we only need 2 million to save the company ,if thats true why can't they find a backer ,surly bachman could raise this in seconds , there are so many thing that don't add up i just hope the truth does come out and those responsible are made to pay for their crimes
personally i have learnt the hard way that aim is truly the wild wild west with no laws or rules governing it ,and thus i will be sicking to company's which are not in aim .
i wish all investors good luck in there future endeavours

Jack- why is wanting to get rid of a bunch of crooks and getting the share price moving in an upwards direction pathetic ,sorry but your comments make you look foolish , you even agree that if they get booted off it would be good for the company .also what part of the post is bashing the compamy i am simply stating that removing the current board would be for the benefit of the company and the shareholders ,you have been on here 5 mins ,i on the other hand have been here when this was a personnel company so i think iv earned the right to voice my opinion you on the other hand, have very little understanding of this company and seem to contradict yourself at every turn ,you are deluded if you think the share price will move upwards if we lose the vote and decide to say ,ok thats let these crooks run the business into the ground .
my advise jack -sell up and buy a cash ISA as your total lack of knowledge and understanding of how aim companies and the stock markets works is clear for all to see.

well i didn't need the above to tell me the outcome of that report , its funny that it states the the company has used their services before ,well thats a truly independent report then !! didn't really think anything else it would be to be honest .but what is interesting is that it will be used to pave the way for the next report on the valuation of toy plane err sorry hi tec drone. please note the part in the report (sorry summary of the report that we can't see) which refers to due diligence and the lack of . if i was a betting man this will be used as a get out of jail card in the next report . the report will go on the lines of the board acted in good faith and that other companies were looked into and this seem the best blah blah blah with a little side note stating that maybe they should of done better Due diligence and now the board will ensure this will be done in the future and that the technology is it the bit that is worth 1.3 million not the actual assets of the company -well thats what my crystal ball tells me anyway -
now to the pending egm -well Jack of the North or should it be jack-o-nory because you do tell a good story , as i have already stated the board can only win if it keeps its shares and vote en-mass ,in the last vote we the good shareholders narrowly lost by a few votes ,this time around the board has 5% less votes because hogan has jumped ship he had at one point 10% now its less than 5% (4.92%) also we don't know if zorb has sold any ,bearing in mind he's leaving the company so why would he want to keep his shares, just a side thought ,if i was hogan i would vote against the board get them booted out ,then confidence returns to the share price it goes up to 7-10p and then he sells and makes a mint ,i wonder if zorb has also thought of this , there is an old saying theres no honour amongst thief's so your assumption that the shareholders will lose again Jack may not be the case its only a matter of time before one of the crooks jumps ship ,lets not forget we can keep calling for an egm again and again , the crooks can only make money if they sell there ill gotten shares once they do we win as they won't have the controlling vote -so my crystal ball says

in regards to the aim FCA -don't hold your breath -trying to prove collusion between the crooks is almost impossible and paying way over the odds for a company is unfortunately not a crime -not carrying out due D is not a crime but it should be.
the only way the FCA will get involved is if fraud can be proven ,unfortunately knowing as we all do they are all a bunch of crooks is one thing -proving it in the eyes if the law is quite a different thing -why do you think the people who raised the egm haven't brought a case against them ,because it would take years to do and cost hundreds and thousands to do and you are not certain to win -its also why the fca will not do anything as they simply don't have the resources either
so says my BALL

its intresting that in order for the the current board and other individuals to fleece the company they must at some point sell there ill gotten shares , but heres the problem once they convert there shares to cash as hogan has and i expect zorba will once he steps down , and lets not forget the 1.3 million in shares to the drone man , after all he only gets his big pay day by cashing in his shares , the control of the company will once again revert back to the shareholders ,hence when the next egm or agm to vote off these crooks comes around again they simply won't have enough shares to defend their position and we the shareholders will boot off the current bunch of crooks.

hence catch 22
i assume that another vote to boot out the current board can't be brought against the board again for at least a year
someone more learned than me will point out how long we have to wait to do another vote .
gl all its going to be awhile before things get better but crooks like we have always scurry away and find another sucker to rob

call me cynical ,but these two reports will be the biggest jackanory story ever told . firstly if the first report due out in two weeks(mid june) does state that there was collusion as we all know that there was ,what then ,it's not like we can ask for the money back the deal has already gone through . I'm more interested on how the second report is going to justify a business that was six months old ,which by definition was bankrupt ,it had no revenue stream, depbs of 80-90,000 will assets of 40,000 which means its bankrupt ,has no proven technology , and no clients , can be valued at 1.3 million , also if by some mirical this report comes back and stated the valuation is say only 100,000 and not 1.3 million ,again then what -do we get our money back ,

also if both reports do go the shareholders way -which it won't but for arguments sake they do ,will that mean we get our money back and will that mean that the latest vote to remove the board will have to be done again as the number of shares we be different ,remember 1.3 million quids worth of shares was used to keep the robbers in power can't be used to vote also hogan doesn't have his 10% any more which means the shareholder should be able to win the next vote .
i have the laugh as the RNS today ,when it says in line with expectation -sorry whose expectations would that be -i wonder .

"The legal report is progressing in line with expectations and the scope and terms of the valuation report are now agreed in principal. " how can this be an independent report if the company is setting the scope of what is to be included in the report - this reads as if they all ready know what's in the report -probably because they wrote the report !!!!

independant my ARse !!!

Thanks for the link star -i have just sent my instruction to vote for all the resolutions to be passed
if anyone is counting shares thats 120,000 shares in the yes box -cheers pet

just read the presentation ,and spotted an interesting thing ,we paid 1.3 million for a plane(sorry drone) that we can't fly ,im sorry but WHF - we paid all that money and we can't even fly the bloody thing until we have a licence approved ,also i see that three pages of the presentation where all about Alerion me thinks they are trying to hard don't be fooled this company is a waterfall of money for the greedy board of directors to take a bath in.i also noticed on the flow chart that the Alerion company is split into two bits one being the company and the other being Alerion consultancy which is code for ,lets take as much money out of the company as we can and call it a consultancy fee
no wonder they don't want the shareholders choice of directors !!!